Sole Proprietorship registration in India is for one owner business. Sole proprietors manage profits and income tax under their own names or a trade name. It’s a common choice for small businesses and individual entrepreneurs.

When a business is owned and governed by one person, it is called a sole proprietorship company. This type of business can be incorporated in fifteen days and hence makes it one of the most popular types of business to begin in the unsystematic sector, specifically among merchants and small traders. For a Sole Proprietorship business, registration is not required as it is identified through alternate registrations, such as GST registrations. However, its liability is unlimited and it also doesn’t have perpetual existence.